SP500 Long Idea
Updated
Price is in a historical uptrend for many years. Right now this index is showing an aggressive pullback to previous all-time highs of 3400, and even started rejecting it. However, due to its aggressiveness, I believe we can see a deeper pullback and test lower support of 3200, which previously was acting both like important support and resistance. A possible trade is on the chart.
Trade active
Trade closed: target reached
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